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NECB Buyback image

NorthEast Community Bancorp, Inc. Buyback

OLI recorded this information on 7/27/2022

Company: NorthEast Community Bancorp, Inc.
Buyback: NECB buyback
Share Amount Authorized: 1,637,794
Buyback Details: NorthEast Community Bancorp, Inc. (Nasdaq: NECB) (the "Company"), the holding company for NorthEast Community Bank, today announced that the Company's Board of Directors has authorized a stock repurchase program to acquire up to 1,637,794 shares, or 10%, of the Company's currently issued and outstanding common stock commencing on August 1, 2022. This is the Company's first repurchase program since completing its second-step conversion and related stock offering in July 2021.

Northeast Community Bancorp is a mid-tier holding company for Northeast Community Bank (the Bank). The Bank's principal business consists of originating construction loans and, to a lesser extent, commercial and industrial loans and multifamily and mixed-use residential real estate loans and non-residential real estate loans. The Bank provides a variety of retail deposit products to the general public. The Bank also provides investment advisory and financial planning services under the name Harbor West Wealth Management Group, a division of the Bank, through a networking arrangement with a registered broker-dealer and investment advisor.

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NECB — Key Stats (updated Fri., May. 3, 10:36 AM)
Company Name:  NorthEast Community Bancorp Inc (MD)
Stock buyback:  NECB buyback
Website:  www.necb.com
Sector:  Banking & Savings
Number of ETFs Holding NECB:  19
Total Market Value Held by ETFs:  $20.26M
Total Market Capitalization:  $229.00M
% of Market Cap. Held by ETFs:  8.85%
 

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May 6, 2024  •  8:18 AM Eastern
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